Tourism and economic growth: an application to coastal regions in the Mediterranean area

27 Pages Posted: 3 Jun 2021

See all articles by Nicola Camatti

Nicola Camatti

Ca' Foscari University of Venice - Department of Economics; Ca' Foscari University of Venice - Department of Economics

Luca Salmasi

Catholic University of Rome

Jan van der Borg

Ca Foscari University of Venice

Date Written: May 5, 2021

Abstract

This paper describes regional touristic supply under the framework of territorial capital to understand which territorial assets are the most important for stimulating economic growth. We used spatial regression models to consider spatial dependencies among regions, and Bayesian Model Averaging to specify our models using only the most relevant territorial assets. We have focused on the Mediterranean coast. The results show that many of the variables considered in our models play an important role in predicting GDP, recognizing them as strategic in economic growth, as well as a variety of strictly tourist assets, such as cultural heritage and landscape.

Keywords: Tourism growth, territorial capital, tourism competitiveness, spillover effects, spatial regression models, Mediterranean area

JEL Classification: C11, L83, Z32, R11, R58

Suggested Citation

Camatti, Nicola and Salmasi, Luca and van der Borg, Jan, Tourism and economic growth: an application to coastal regions in the Mediterranean area (May 5, 2021). Available at SSRN: https://ssrn.com/abstract=3841951 or http://dx.doi.org/10.2139/ssrn.3841951

Nicola Camatti (Contact Author)

Ca' Foscari University of Venice - Department of Economics ( email )

Dorsoduro 3246
Venice, Veneto 30123
Italy

Ca' Foscari University of Venice - Department of Economics ( email )

Cannaregio 873 CAP 30121 Venezia
Dipartimento di Economia
VENEZIA, 30121
Italy

Luca Salmasi

Catholic University of Rome

Rome
Italy

Jan Van der Borg

Ca Foscari University of Venice ( email )

Dorsoduro 3246
Venice, Veneto 30123
Italy

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